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As the landlord of a commercial property, your main responsibilities will be to keep up with any maintenance and repairs to the property and to ensure it is a safe place for people to work.
As long as the contract spells out specific details and both parties have signed that they agree to the contract's terms, a handwritten contract is legally binding and enforceable in court.
Just like a residential rental or lease, your commercial landlord is going to insist on a security deposit. The security deposit can be used by the landlord for a number of reasons, but most commonly it will be used to cover any damage at the end of your lease if you do not renew your agreement.
A typically commercial lease agreement The type of leased property (e.g., an industrial building, an office building, a retail center). The square footage of the leased space. The length of the tenancy and whether the tenant has an option to renew the lease. If so, how frequently and under what terms.
The Introduction. The beginning of the lease agreement should contain the name of the landlord and tenant, as well as a statement of the agreement into which they are entering. Rent. Deposit. Taxes. Property Insurance. Utilities and Amenities. Remodeling and Improvements. Repairs and Maintenance.
§ 704.07(3). Typically, a landlord is responsible for the repair of structural and major component parts of the leased premises, as well as any replacements that would be considered capital expenditures, such as the roof, parking lot, and foundation.
Complying with all state and local health and building codes. Maintaining structural components and a reasonably weather-protected unit. Providing the necessary heat, electric, and hot and cold water facilities. Making any requested repairs promptly.
Name the parties. A simple rental agreement form needs to name the parties signing the lease and where they live. Describe the premises. Define the term of the lease. Set how much rent is owed. Assign a security deposit amount. Finalize the lease.
Fixtures and fittings. Any fixtures and fittings you have installed in the property need to be safe to use. Gas and electricity. Gov.uk says that tenants should maintain equipment according to the manufacturer's instructions. Maintenance and repair. Asbestos. Fire safety.